The Global market for [FURL=https://www.industryarc.com/Report/18285/psram-pseudo-static-ram-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease] PSRAM (Pseudo Static Ram)[/FURL] is forecast to reach $19.65 million by 2025, growing at a CAGR of 1.14% from 2020 to 2025. The market growth is attributed to significant growth of consumer electronics market due to the rising demand for electronic gadgets coupled with the technological advancements and improved infrastructure. Moreover, emerging solutions for high performance networks and increased demand for quicker cache memories also boosts the market growth.Key Takeaways
Pseudo Static RAM are available in various density such as 8Mb, 16Mb, 32Mb and others and various temperatures as they control the on-chip circuit operations. The key drivers of demand growth are the continuing developments by operators in LTE technology and the prevalence of smart phones owing to the growth of mobile data traffic due to the prominence of social networks.
APAC region held the highest market share in 2019 and is anticipated to witness significant market growth during the forecast period 2020-2025. The market growth is due to growing telecommunication and networking sector, demand for broadband network technologies, rising innovations in the military and defence services, others.
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PSRAM (Pseudo Static Ram) Market Segment Analysis - By Geography
APAC region held the highest market share in 2019 and is anticipated to witness significant market growth during the forecast period 2020-2025. The market growth is attributed to growing telecommunication and networking sector in this region. As of September 2019, broadband penetration in India stood at 625.42 million, a rise of over 100 percent since the country's first 4 G networks were launched in 2015, according to the Department of Telecommunications.
PSRAM (Pseudo Static Ram) Market Drivers
Emerging high performance network applications
The evolving high performance network applications and increased demand for faster cache memories are some of the factors responsible for the growth of the Pseudo Static RAM industry. Moreover, faster switching time, power consumption and high durability compared to conventional RAM, efficient substitution of traditional memory technologies and expanded application base are also driving the market for Pseudo static RAM. Additionally, the cellular RAM market is increasingly growing and the use and use of PSRAM in cellular devices is expected to fuel the market in the coming years.
PSRAM (Pseudo Static Ram) Market top players are Fujitsu Ltd., Integrated Silicon Solutions Inc, Micron Technology, Inc, Elite Semiconductor Memory Technology Inc, NEC Electronics, Adesto Technologies Corporation, Inc, Renesas Technology Corp, UTMC Microelectronic Systems Inc, White Electronic Designs Corp.
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